AUDUSD Analysis.
AUDUSD continued its upward movement from 1.0315 and the rise extended to as high as 1.0764. Initial support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.0800-1.0850 area. On the downside, a clear break below the trend line will indicate that a cycle top is being formed, and the rise from 1.0315 is complete, then pullback to 1.0500-1.0600 area could be seen.
USDCHF Analysis.
USDCHF broke below the lower border of the price channel on 4-hour chart, suggesting that the rise from 0.7067 has completed at 0.8240 already. Deeper decline would likely be seen later today, and next target would be at 0.7800 area. Resistance is at 0.8095, only break above this level could trigger another rise towards 0.8600.
GBPUSD Analysis.
GBPUSD broke below 1.6208 support, and the fall from 1.6617 extended further to as low as 1.6131. Initial resistance is at 1.6235, as long as this level holds, downtrend from 1.6453 could be expected to continue, and next target would be at 1.6000 area.
EURUSD Analysis.
EURUSD’s fall from 1.4548 extended to as low as 1.4226. Deeper decline is still possible in a couple of days, and next target would be at 1.4100 area. Resistance is at 1.4350, as long as this level holds, downtrend will continue.
USDJPY Analysis.
USDJPY stays in a range between 75.96 and 77.69. Lengthier consolidation in the range could be expected in a couple of days. Key resistance is at 77.69, a break above this level could trigger another rise to 79.00 area. Support is at 75.96, only break below this level could signal resumption of downtrend.
USDCAD Analysis.
USDCAD is in downtrend from 1.0009. Further fall to 0.9600 area is still possible in a couple of days. Resistance is at 0.9820, only break above this level could indicate that the fall from 1.0009 is complete.
